欧洲钢铁工业市场前景及投资研究报告-培训课件外文版2024.6

INDUSTRIES

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MARKETSSteelindustryinEuropeCHAPTER

01OverviewWorldcrudesteelproductionfrom2012to2022(inmillionmetrictons)Crudesteelproductionworldwide2012-20222,5002,0001,5001,0005000201220132014201520162017201820192020202120223Description:In2022,atotalofaround1.9billionmetrictonsofcrudesteelwereproducedworldwide.Thiswasafourpercentdecreasecomparedtothepreviousyear,when1.96billionmetrictonsweremanufactured.Steelisanalloymadebycombiningironandotherelements.ReadmoreNote(s):Worldwide;2011to2022Source(s):WorldSteelAssociationTheworld'slargest15crudesteelproducersin2022,byproductionvolume(inmillionmetrictons)Largeststeelproducersworldwidebasedonproductionvolume2022Productionvolumeinmillionmetrictons40

6002080100120140ChinaBaowuGroup*(China)ArcelorMittal**(Luxembourg)AnsteelGroup***(China)NipponSteelCorporation****(Japan)ShagangGroup(China)HBISGroup(China)POSCO(SouthKorea)JianlongGroup(China)ShougangGroup(China)TataSteel*(India)ShandongGroup(China)DelongSteelGroup(China)HunanSteelGroup*****(China)4/statistics/271979/the-largest-steel-producers-worldwide-ranked-by-production-volumeIn2022,China’sBaowuGroupwasrankedastheworld’slargeststeelproducer.ChinaBaowuGroupproducedaround131.8millionmetrictonsofcrudesteelthatyear,around63millionmetrictonsmorethanArcelorMittal,whichwassecondintheranking.ReadmoreNote(s):Worldwide;2022;*ChinaBaowuGroupincludestonnageofXinyuSteell**ArcelorMittalincludes60%AM/NSIndia(formerEssarSteel)***AnsteelGroupincludestonnageofBenxiSteel****NipponSteel:tonnageincludesNipponSteel[...]ReadmoreSource(s):WorldSteelAssociationSteelproductionandscrapconsumptioninleadingmarketsin2022(inmillionmetrictons)Steelproductionandscrapconsumptionleadingmarkets2022ValuesinmillionmetrictonsSteelproduction

Scrapconsumption400

60002008001,0001,200ChinaEU-27UnitedStatesTurkeyJapanRussiaSouthKorea5Description:In2022,roughly1.5billionmetrictonsofsteelwereproducedinonlysevenregions,withChinaproducingthemajorityat1017milliontonsofsteel.Bycontrast,China’ssteelscrapconsumptionreached215.3millionmetrictons,almostfivepercentlessthanin2021.Thatsameyear,steelscrapconsumptiondecreasedinallsevenkeycountries.ReadmoreNote(s):Worldwide;2022Source(s):BureauofInternationalRecycling;VarioussourcesAnnualproductionofcrudesteelintheEuropeanUnion(EU-27)from2009to2022(inmillionmetrictons)EU-27:totalproductionofcrudesteel2009-2022200177.818016014012010080172.9160.96160159.01157.18154.53155.33154.52152.76150.19139.4136.35132.186040200200920102011201220132014201520162017201820192020202120226Description:In2022,thecrudestillproductionintheEuropeanUnion(EU-27)amountedtojustunder136.4millionmetrictons,representingadecreaseof10percentcomparedtothepreviousyear.Intheperiodofconsideration,theproductionofthismetaloscillatedandpeakedatapproximately177.8millionmetrictonsin2011.ReadmoreNote(s):EU;2009to2022Source(s):WorldSteelAssociationApparentsteelusepercapitaintheEuropeanUnion(EU-27)from2009to2022(inkilogramsfinishedsteelproducts)EU-27:apparentconsumptionoffinishedsteelproductspercapita2009-2022400350300250200150100500200920102011201220132014201520162017201820192020202120227Description:In2022,apparentsteeluseintheEuropeanUnionhadreached321kilogramsoffinishedsteelproductspercapita,asevenpercentdecreasecomparedtothepreviousyear.In2012,steelusedroppedslightlyafteraperiodofgrowth.From2013onwards,however,itsteadilyincreaseduntil2018,whenitpeakedat353kilogramsoffinishedsteelproductspercapita,thenstartedfluctuatinginthefollowingyears.ReadmoreNote(s):EU;2009to2022Source(s):WorldSteelAssociationProjecteddemandforfinishedsteelproductsworldwidein2022,withforecastsfor2023and2024,byregion(inmillionmetrictons)Projectedsteeldemandworldwidebyregion2022-2024Steeldemandinmillionmetrictons2024*2023*600202202004008001,0001,2001,400AsiaandOceaniaEurope*USMCAMiddleEastCIS**CentralandSouthAmericaAfrica8Description:In2023,AsiaandOceaniawillbethelargestconsumeroffinishedsteelproducts,withapproximately1.3billionmetrictonsofexpecteddemand.Inthesameyear,Africansteeldemandisexpectedtoreachalmost42millionmetrictons.

ReadmoreNote(s):Worldwide;2022;*ThefiguresforEU-27,theUnitedKingdomandotherEuropeanmarketshavebeenaddedup.*ThefigurecontainsthevaluesfromRussia,Ukraine,andotherCommonwealthofIndependentStates(CIS).Thevalues[...]

ReadmoreSource(s):WorldSteelAssociationNumberofpeopleemployed*insteelindustryintheEuropeanUnionfrom2011to2022EmploymentinthesteelindustryintheEuropeanUnion2011-2022400,000350,000300,000250,000200,000150,000100,00050,00002011201220132014201520162017201820192020202120229Description:In2022,around305,600workerswereemployedinthesteelindustry,nearly3,000peoplelessthanthepreviousyear.Thenumberofpeopleemployedinthesectordeclinedovertheperiodofconsideration,despitetherisein2018.

ReadmoreNote(s):Europe,EU;2011to2022;*ProvisionaldataReadmoreSource(s):EUROFERCHAPTER

02TradeAveragemonthlyexportvolumeoffinishedsteelproductsfromtheEuropeanUnionoverthefirsteightmonthsof2023,byproduct(1,000metrictons)MonthlyfinishedsteelexportsfromtheEuropeanUnion2023,byproductExportvolumeinthousandmetrictons050100150200250HotdippedHotrolledwidestripQuartoplate213167151147HeavysectionsColdrolledsheetWirerod138117TinmillproductsMerchantbarsRebars87757311Description:ThehotdippedsteelistheproductexportedinthelargestquantityfromtheEuropeanUnionsteelindustry,withamonthlyexportvolumeofabout213,000metrictonsoverthefirsteightmonthsof2023.Hotrolledwidestripsteelisthenextmostcommonlyexportedsteeltype,with167,000metrictonspermonthexportedonaverageinthatperiod.ReadmoreNote(s):EU;JanuarytoAugust2023Source(s):EUROFERAveragemonthlyimportvolumeoffinishedsteelproductsfromtheEuropeanUnionoverthefirsteightmonthsof2023,bydestination(in1,000metrictons)LeadingimportingcountriesoffinishedsteelfromtheEuropeanUnion2023Monthlyexportvolumeoffinishedsteelinthousandmetrictons050100150200197250UnitedKigdomTurkey215UnitedStatesSwitzerlandEgypt17111843China35323128BrazilUkraineNorway12Description:Inthefirsteightmonthsof2023,theUnitedKingdomwastheEuropeanUnion'slargesttradepartnerforfinishedsteelproducts,withonaverage215,000metrictonsoffinishedsteelimportspermonth.TheUKisfollowedbyTurkey,whichimportedamonthlyaverageof197,000metrictonsofsteelproductsthatsameperiod.Overthisperiod,NorwayimportedtheleastfromtheEU,withsome28,000metrictonsofsteelproducts.

ReadmoreNote(s):Worldwide,EU;JanuarytoAugust2023Source(s):EUROFERLeadingexportersofsemi-finishedandfinishedsteelproductsintheEuropeanUnion(EU-27)from2010to2022(in1,000metrictons)EU-27:mainexportingcountriesofsemi-finishedsteelproductsfrom2010-2022GermanyFranceItalyBelgium30,00025,00020,00015,00010,0005,000201020112012201320142015201620172018201920202021202213Description:In2022,Germanyexportedover22millionmetrictonsofsemi-finishedandfinishedsteelproducts,representingasevenpercentdecreasecomparedtothepreviousyear.Intheperiodofconsideration,GermanyhasbeenbyfartheleadingEuropeanexporterofsuchproducts,withthepeakyearrecordedin2011atover26.3millionmetrictons.ReadmoreNote(s):Belgium,France,Germany,Italy,EU;2010to2022Source(s):WorldSteelAssociationLeadingimportersofsemi-finishedandfinishedsteelproductsintheEuropeanUnion(EU-27)from2010to2022(in1,000metrictons)EU-27:mainimportingcountriesofsemi-finishedsteelproducts2010-2022GermanyItalyPolandBelgiumFrance30,00025,00020,00015,00010,0005,0000201020112012201320142015201620172018201920202021202214Description:Throughouttheperiodgiven,Germanywastheleadingimportingcountryofsemi-finishedsteelproductsintheEuropeanUnion.Thecountry'simportsgrewfromaround21.9millionmetrictonstoaround27millionmetrictonsbetween2013and2018,beforeplummetingdramaticallyintheyearsthatfollowed.Asof2022,Germanyimportednearly21millionmetrictonsoffinishedandsemi-finishedsteelproducts.Thatyear,Italyrankedsecond,withapproximately20.2millionmetrictons[...]

ReadmoreNote(s):Belgium,France,Germany,Italy,EU;2010to2022Source(s):WorldSteelAssociationBreakdownofstainlesssteelexportsworldwidein2022,byregion(in1,000metrictons)Globalstainlesssteelexportsbyregion2022Exportsin1,000metrictons6,00002,0004,0008,00010,00012,00014,000AsiaWesternEuropeNAFTA*AfricaMiddleEastEasternEuropeLatinAmericaAustralia/Oceania15Description:In2022,WesternEuropeancountriesexportedcloseto8.4millionmetrictonsofstainlesssteel,ofwhichnearly7.6millionmetrictonsweretradedinternally.Inthesameyear,Asiancountriesexportedaround12.4millionmetrictonsofstainlesssteel,thehighestlevelrecordedamongtheotherregions.ReadmoreNote(s):Worldwide;2022;*NAFTAstandsforNorthAmericanFreeTradeAgreement.ReadmoreSource(s):worldstainlessBreakdownofstainlesssteelimportsworldwidein2022,byregion(in1,000metrictons)Globalstainlesssteelimportsbyregion2022Importsin1,000metrictons4,000

5,000

6,00001,0002,0003,0007,0008,0009,00010,00011,000WesternEuropeAsiaNAFTA*EasternEuropeLatinAmericaMiddleEastAfricaAustralia/Oceania16/statistics/1110667/global-stainless-steel-imports-by-regionIn2022,WesternEuropeancountriesimportedover9.8millionmetrictonsofstainlesssteel,ofwhichnearly7.6millionmetrictonsweretradedinternally.Inthesameyear,Asiancountriesimportedabout8.8millionmetrictonsofstainlesssteel.

ReadmoreNote(s):Worldwide;2022;*NAFTAstandsforNorthAmericanFreeTradeAgreement.Figuresincludeintra-regionaltrade.ReadmoreSource(s):worldstainlessBreakdownofstainlesssteelscrapexportsworldwidein2022,byregion(in1,000metrictons)Globalstainlesssteelscrapexportsbyregion2022Exportsin1,000metrictons1,50005001,0002,0002,5003,0003,500WesternEuropeNAFTA*AsiaEasternEuropeMiddleEastAustralia/OceaniaAfricaLatinAmerica17Description:In2022,WesternEuropeexportedaround3.5millionmetrictonsofstainlesssteelscrap.ThiswasroughlyfourtimestheamountofstainlesssteelscrapexportedfromAsia.EasternEurope'sstainlesssteelscrapexportsin2022experiencedasharpdeclinetoone-seventhoftheexportvolumein2021.ReadmoreNote(s):Worldwide;2022;*NAFTAstandsforNorthAmericanFreeTradeAgreement.ReadmoreSource(s):worldstainlessBreakdownofstainlesssteelscrapimportsworldwidein2022,byregion(in1,000metrictons)Globalstainlesssteelscrapimportsbyregion2022Importsin1,000metrictons1,50005001,0002,0002,5003,0003,500WesternEuropeAsiaNAFTA*AfricaEasternEuropeMiddleEastLatinAmericaAustralia/Oceania18Description:In2022,WesternEuropeancountriesimportedjustabovethreemillionmetrictonsofstainlesssteelscrap,ofwhichapproximately2.9millionmetrictonsweretradedinternally.Inthesameyear,Asiancountriesimportednearly1.62millionmetrictonsofstainlesssteelscrap.ReadmoreNote(s):Worldwide;2022;*NAFTAstandsforNorthAmericanFreeTradeAgreement.Figuresincludeintra-regionaltrade.ReadmoreSource(s):worldstainlessCHAPTER

03SegmentsVolumeofcrudesteelproducedintheEuropeanUnionfrom2011to2022,byquality(in1,000metrictons)ProductionofcrudesteelintheEU,byquality2011-2022Non-AlloyOtherAlloyStainless200,000180,000160,000140,000120,000100,00080,00060,00040,00020,000020112012201320142015201620172018201920202021202220Description:In2022,roughly105millionmetrictonsofnon-alloysteelwereproducedinEurope,adecreaseofaround11percentcomparedtothepreviousyear.Inthatyear,allthreesectionsexperiencedadecrease;however,themostsignificantdecreasewasobservedinstainlesssteel,withadeclineofapproximately12percent.ReadmoreNote(s):EU;2011to2022Source(s):EUROFERShareofcrudesteelproductionintheselectedEuropeanUnioncountriesfrom2018to2022EU-27:Shareofcrudesteelproductioninselectedcountries2018-2022Shareofsteelproduction2021

2020

201920%2022201825%0%5%10%15%30%35%40%45%GermanyItalyFranceSpainAustriaPolandBelgiumNetherlandsSwedenCzechRepublic21Description:Inallyearsrecorded,Germanywasbyfartheleadingcrudesteelproducer,accountingformorethanone-quarterofcrudesteelproducedwithintheEuropeanUnionin2022.Italywasthesecond-largestproducerintheEU-27thatyear,accountingfor21.6percentoftotalproduction.ReadmoreNote(s):EU;2018to2022Source(s):EUROFERVolumeoffinishedsteelproducedintheEU-27from2011to2022,byproduct(in1,000metrictons)EU-27:productionoffinishedsteelbyproduct2011-2022HotRolledFlatHotRolledLongColdRolledFlatHotDippedMetalCoatedOrganicCoated250,000200,000150,000100,00050,000020112012201320142015201620172018201920202021202222Description:In2022,thetotalproductionofhotrolledproductsamountedtojustunder125.4millionmetrictonsintheEuropeanUnion.Inallyearsrecorded,hotrolledflatsteelwasproducedinthelargestquantitiescomparedtootherproducts.In2022,nearly75millionmetrictonsofhotrolledflatproductsweremanufactured.However,thisrepresentadecreaseof11percentcomparedtothepreviousyear.

ReadmoreNote(s):2011to2022Source(s):EUROFERAnnualproductionofcontinuously-caststeelintheEuropeanUnion(EU-27)from2006to2022(inmillionmetrictons)EU-27:continuously-caststeelannualproduction2006-20222102001901801701601501401301202006200720082009201020112012201320142015201620172018201920202021202223Description:In2022,thecontinuously-caststeelproductionintheEuropeanUnion(EU-27)amountedtoapproximately132.57millionmetrictons,representingadecreaseofabout11percentcomparedtothepreviousyear.Intheperiodofconsideration,EU-27'scontinuously-caststeelsteelproductionoveralldecreasedwithsomeoscillation.Thehighestproductionlevelwasrecordedat201.4millionmetrictonsin2007.ReadmoreNote(s):EU;2006to2022Source(s):WorldSteelAssociationOutputofhotrolledsteelproductsbythemajorproducingcountriesintheEuropeanUnion(EU-27)from2010to2022(in1,000metrictons)EU-27:majorproducers'outputofhotrolledproducts2010-2022GermanyItalyFranceSpain45,00040,00035,00030,00025,00020,00015,00010,0005,0000201020112012201320142015201620172018201920202021202224Description:In2022,GermanywasbyfartheleadinghotrolledsteelproducerintheEuropeanUnion,witharound31.8millionmetrictonsproduced.Thisisayear-on-yeardecreaseofnearlyninepercentcomparedtothepreviousyear.Thatyear,ItalywasthesecondleadingcountryintheEU-27,registeringaproductionvolumeofapproximately21.6millionmetrictons.ReadmoreNote(s):France,Germany,Italy,Spain,EU;2010to2022Source(s):WorldSteelAssociationOutputofheavysections*inselectedcountriesoftheEuropeanUnion(EU-27)from2010to2022(in1,000metrictons)EU-27:Productionoutputofheavysectionsbyleadingcountry2010-2022SpainGermany**LuxembourgPolandItaly3,5003,0002,5002,0001,5001,0005000201020112012201320142015201620172018201920202021202225Description:IntheEuropeanUnion(EU-27),Spainhasbeenbyfartheleadingproducerofheavysectionsequalorabove80mm,witharound2.2millionmetrictonsin2022.Overtheperiodgiven,thehighestproductionwithinthese12yearswasrecordedin2011whenSpainproducednearlythreemillionmetrictonsofheavysections.Asof2022,Luxembourg,thesecondleadingcountryintheEU-27,recordedaproductionvolumeofapproximately1.86millionmetrictons,slightlymorethanthe[...]

ReadmoreNote(s):Germany,Luxembourg,Poland,Spain,EU;2010to2022Source(s):WorldSteelAssociationOutputofconcretereinforcingbarsbythemajorproducersintheEuropeanUnion(EU-27)from2010to2021(in1,000metrictons)EU-27:Majorproducersoutputofconcretereinforcingbars2010-2021Germany*ItalyPolandSpain4,0003,5003,0002,5002,0001,5001,0005000201020112012201320142015201620172018*2019*2020202126Description:IntheEuropeanUnion(EU-27),Italyhasbeenbyfartheleadingproducerofconcretereinforcingbars,withalmostthreemillionmetrictons.Intheperiodofconsideration,theproductionvolumeinItalyreachedthepeakyearatapproximately3.6millionmetrictonsworthofproductsin2011.Thatyear,Poland,thesecondleadingcountryintheEU-27,recordedaproductionvolumeofapproximately1.8millionmetrictons.ReadmoreNote(s):Germany,Italy,Poland,Spain,EU;2010to2021;*DataforGermanyin2020and2021wasnotpublishedbythesource.Figurespriorto2012weretakenfrompreviousversionsofthereport.

ReadmoreSource(s):WorldSteelAssociationCHAPTER

04CompaniesRevenuevalueoftheleadingindustrialmetalscompaniesinEuropein2022(inbillionU.Sdollars)RevenueoftheleadingindustrialmetalscompaniesinEurope2022RevenuevolumeinbillionU.Sdollars2022

2021150050100200250300217.86GlencorePLCArcelorMittalBHPGroup256.0368.2979.5655.4459.5754.14RioTintoLtdValeSA55.5641.7743.4734.71NucorCorp30.6635.12AngloAmericanPLCNorskHydroAurubisAG18.5820.2418.4519.1217.42KobeSteelLtd28Description:Asof2022,Sweden-basedmultinationalcompanyGlencorePLCrecordedthehighestrevenueofEuropeanindustrialmetalsandminingcompanies,amountingtojustunder218billionU.S.dollars.Meanwhile,ArcelorMittal,thesecondlargestcompany,generatedapproximately68.3billioninrevenuesthatyear.ReadmoreNote(s):Europe;2022Source(s):ThomsonReuters;Varioussources(companydata)SalesrevenueofArcelorMittalfromFY2006toFY2023(inbillionU.S.dollars)SalesrevenueofArcelorMittal2006-202312511510595857565554520062007200820092010201120122013201420152016201720182019202020212022202329Description:AnnualsalesrevenueofArcelorMittalfluctuateddramaticallyfromthefiscalyearof2006tothefiscalyearof2023.In2023fiscalyear,themultinationalsteelcompanygeneratedapproximately68,3billionU.S.dollarsworthsalesrevenue.Thisrepresentsadecreaseof14percentcomparedtothepreviousyear.ReadmoreNote(s):Worldwide;FY2006toFY2023;FinancialyearendsDecember31Source(s):ArcelorMittalRevenueofMagnitogorskIron&SteelWorks(MMK)from2007to2021(inmillionU.S.dollars)MagnitogorskIron&SteelWorks(MMK)revenue2007-202114,00011,86912,00010,55010,0008,0006,0004,0002,00009,3069,3288,1978,1908,2147,9527,7197,5467,5666,3955,8395,6305,08120092007200820102011201220132014201520162017201820192020202130/statistics/794442/magnitogorsk-iron-steel-annual-revenueTherevenuegeneratedannuallybyMagnitogorskIron&SteelWorks(MMK)increasedfrom2015to2018,butsawadeclinein2019and2020.Thehighestvalueoverthetimeperiodobservedwasrecordedin2021atnearly11.9billionU.S.dollars.

ReadmoreNote(s):Europe,Russia;2007to2021Source(s):LondonStockExchange;MagnitogorskIronandSteelWorksAnnualrevenueofMetinvestfrom2009to2022(inmillionU.S.dollars)RevenueofMetinvest2009-202220,00018,00016,00014,00012,00010,0008,0006,0004,0002,00002009201020112012201320142015201620172018201920202021202231Description:In2022,Metinvest'srevenuewasvaluedataroundeightbillionU.S.dollars.Thiswasadramaticdecreasecomparedtothepreviousyear,whenthecompanygeneratedthelargestrevenueof18billionU.S.dollarsoverthegivenperiod.DuetotheRussia-Ukrainewar,thecompany'soperationswereseverelyaffected.MetinvestisaUkraine-basedsteelandminingcompanywithoperationsinUkraine,Italy,Bulgaria,theUK,andtheUS.ReadmoreNote(s):Europe,Ukraine;2009to2022Source(s):MetinvestAnnualnetsalesofOutokumpubetween2012and2023(inmillioneuros)AnnualnetsalesofOutokumpuFY2012-FY202310,0009,0008,0007,0006,0005,0004,0003,0002,0001,00009,4947,9617,2436,9616,8446,8726,7456,3846,3566,4035,6905,63920122013201420152016201720182019202020212022202332Description:Outokumpu'snetsalesdecreasedby27percentfromnearly9.5billioneurosin2022tounder6.7billionin2023.Accordingtothecompany,thisdropwastheresultofweakglobalstainlesssteelmarket.Outokumpuisoneoftheleadingstainlesssteelcompaniesworldwide.ReadmoreNote(s):Worldwide;2012to2023Source(s):OutokumpuAnnualsalesrevenueofSalzgitterAGbetweenthefinancialyears2008and2022(inmillioneuros)RevenueofSalzgitterAGFY2008-FY202214,00012,00010,0008,0006,0004,0002,000020082009201020112012201320142015201620172018201920202021202233Description:In2022,SalzgitterAGrecordeditshighestrevenueofapproximately12.55billioneuros.Thisrepresentsayear-on-yearincreaseof28percentcomparedto2021.Duringtheperiodunderconsideration,therevenueofthegrouphasfluctuated,withthelowestrecordedfigureofsevenbillioneurosin2020asaresultofthecoronaviruspandemic.SalzgitterAGisaG